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Why Shares of Datadog Rose Today

Chris Neiger, The Motley Fool
·1-min read
Why Shares of Datadog Rose Today

Shares of Datadog, Inc. (NASDAQ: DDOG), an analytics platform company, spiked today after the company received an upgrade from an analyst at Jefferies. Jefferies analyst Brent Thill upgraded Datadog from a hold rating to a buy rating today and raised his price target on the stock from $105 to $125. Thill believes the software sector, which Datadog is in, will continue to outperform other sectors and that some companies will continue to experience more gains this year.